Halloween's Over, But The Scares Keep Coming
Are Our 401k's Going to Be Nationalized?
Nothing like reading about next session's Congress to create a reverse Chris Matthews effect (a chill running down your leg).
Thursday morning's Wall Street Journal reviewed the likely Congressional leaders during Pres. Elect Obama's first two years. The following passage was particularly haunting:
Some Democrats are starting to target the tax subsidies for 401(k)s and other private retirement options. [George] Miller, who heads the House Education and Labor Committee, calls them "a big failure" and recently held a hearing to ponder alternatives, including nationalizing pensions and replacing them with special bonds administered by Social Security."Nationalizing" is a frightfully antiseptic way of saying "the government seizing and promising to give you something else later on".
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OBAMA is the American Gorbie???
MOSCOW (AFP) - Barack Obama is the “American Gorbachev” who will ultimately destroy the US, Russian nationalist Vladimir Zhirinovsky said Tuesday. Credited in the West for leading the former Soviet Union away from Cold War confrontation, Mikhail Gorbachev, now 77, is vilified by many at home for presiding over the collapse of the Soviet Union and ushering in harsh economic reforms. “Obama, he is the American Gorbachev, he will destroy America, it will not be rebuilt,” Zhirinovsky said at a meeting of the ultra-nationalist party he founded, according to Russian news agency Interfax. Zhirinovsky, a 62-year old populist, was one...
I need to get a second matress...
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